Answer:
$86.81
Step-by-step explanation:
Using the given formula, we want to compute A for ...
P = 4750
r = 0.2279
n = 365 . . . . . assuming "exact" interest
t = 1 or 30
For 1 day late:
A = 4750(1 +0.2279/365)^(365·(1/365)) = 4752.97
For 30 days late:
A = 4750(1 +0.2279/365)^(365·(30/365)) = 4839.78
The difference in these payment amounts is ...
$4839.78 -4752.97 = $86.81
You would save $86.81 in interest charges by paying only 1 day late.
_____
<em>Comment on the question</em>
It would be a poor choice of credit card to use one that compounds interest daily. Most do so on a monthly basis.
Answer:
51.33 cm
Step-by-step explanation:
154cm / π = 51.33 cm
15 + 17r - 4r - 9 = 9
6 + 13r = 9
13r = -3
r = -3/13
:)
Answer:
<h2>3 and 7</h2>
Step-by-step explanation:
When x=3 and x=7, the outcome of f(x) and g(x) are the same, 4 and 10 respectively. That means at the value of 3, f(x)=g(x), and at the value of x=7, f(x)=g(x).
The LCM of 34 using prime factorisation method is 2 and 17